PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0080%/8h= −8.8% APRnext payment −$0.10 per $10,000 · paid last 24h +0.005%

Price spread now: Lighter against 01 Exchange+0.023%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on 01 Exchange Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

The price spread pays, funding is against you. Lighter is 0.023% dearer against 01 Exchange than usual: you sell high and buy low (spread +0.023% now, against zero (this spread has no 7-day history yet)): +$2 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 23 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange PENGUUSD	0.008756	0.0176	pay 0.0022% / 1h	27m 33s	$200	$64	5x
Short	Lighter PENGU	0.008758	0.0096	get 0.0012% / 1h	27m 33s	$317K	$750K	8x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against 01 Exchange. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee 01 ExchangebpFee LighterbpOrdersPrice spread, now +0.023%Rate

Funding earned: −$16.8
Price spread: +0.023% → 0.000%: $2.28
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Lighter: 0 bp × 2 orders: $0
Net: −$21.52
Costs to cover: 0.070%
Break-even: never at this rate

Slippage unknown: 01 Exchange: no order-book sample; Lighter: live order book, 17 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy 01 Exchange no order-book sample	—	—	—	—	—
Sell Lighter live order book, 17 min ago	1.70 bp	8.0 bp −$8	73.4 bp −$734	doesn't fit	doesn't fit

01 Exchange: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

PENGU on 34 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit PENGU_USDC-PERPETUAL	0.0000%	1h	0.008753	−0.034%	$17K	$12K	10x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008742	−0.156%	$32K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	+0.377%	$3K	$117K	5.5x	as long as short
Lighter PENGUshort	+0.0096%	1h	0.008758	+0.023%	$317K	$750K	8x
Hyperliquid PENGU	+0.0100%	1h	0.008757	+0.011%	$8.0M	$15.3M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008757	+0.015%	$120K	$667K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.008755	−0.011%	$133K	$274K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008757	+0.011%	$36.9M	$177.0M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.008746	−0.114%	$23.2M	$41.9M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008751	−0.057%	$7.5M	$50.4M	50x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus PENGU-USD	+0.0100%	1h	0.008750	−0.069%	$18K	$25K	5x	as long as short
Gate PENGU_USDT	+0.0100%	4h	0.008755	−0.011%	$3.3M	$16.5M	75x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008755	−0.011%	$10.4M	$12.6M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008751	−0.057%	$4.9M	$9.7M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008757	+0.011%	$8.3M	$13.4M	75x	as long as short
BingX PENGU-USDC	+0.0100%	4h	0.008755	−0.011%	—	$2.3M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008753	−0.034%	$288K	$339K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.008739	−0.192%	$912K	$1.0M	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008762	+0.069%	$458K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008769	+0.148%	$79K	$250K	50x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.008741	−0.171%	$586K	$1.1M	5x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.008751	−0.057%	$23K	$166K	20x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.008947	+2.181%	$3K	$2.1M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008754	−0.023%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008765	+0.103%	$91K	$392K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008751	−0.059%	$182K	$872K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008745	−0.126%	$202K	—	3x	as long as short
01 Exchange PENGUUSDlong	+0.0176%	1h	0.008756	long leg	$200	$64	5x
dYdX PENGU-USD	+0.0187%	1h	0.008752	−0.048%	$12K	$6K	5x	as long as short
Reya PENGURUSDPERP	+0.0240%	1h	0.008742	−0.162%	$295	—	10x	as long as short
Kraken Futures PF_PENGUUSD	+0.0322%	1h	0.008757	+0.008%	$319K	$2.4M	50x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008774	+0.206%	$1.5M	$4.4M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0500% / S −0.0466%	1h	0.008743	−0.148%	$121K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.1752%	1h	0.008825	+0.788%	$78K	$76K	50x	as long as short